Gov't increases GCT and gas tax

[Lazie]

Prime Minister Bruce Golding has announced an increase in general consumption tax (GCT) moving it from 16.5 per cent to 17.5 per cent.

In addition some items that were previously exempted will now attract GCT. Among the items that will now attract GCT are eggs, onions and garlic, salt, cornbeef, patties, syrup and sugar.

The Government also announced a short while ago in Parliament that the recently imposed gas tax has also been increased.

Jamaica Public Service (JPS) [COLOR=blue !important][COLOR=blue !important]customers[/COLOR][/COLOR] who use more than 200 kilowatt per month will now pay the full GCT charges.



More details to follow shortly.

[Don1]

Prime Minister Bruce Golding has announced an increase in general consumption tax (GCT) moving it from 16.5 per cent to 17.5 per cent.

In addition some items that were previously exempted will now attract GCT. Among the items that will now attract GCT are eggs, onions and garlic, salt, cornbeef, patties, syrup and sugar.

The Government also announced a short while ago in Parliament that the recently imposed gas tax has also been increased.

Jamaica Public Service (JPS) [COLOR=blue !important][COLOR=blue !important]customers[/color][/color] who use more than 200 kilowatt per month will now pay the full GCT charges.



More details to follow shortly.

The chickens are coming home to roost.

[Muadib]

Fiyah Bun !!

Hottah Fiyah suh dis time dem learn...

Dem nevah learn last time...

[Lionpaw]

holy ish. anybody have a rope mi can borrow? and annuh skip mi ago skip.

[Sickko]

I go to Philly on Saturday then Boston on Wednesday for the holidays and Lord knows it is the first time ever since I first left the island that I feel like I wish I did not have to come back here

[Muadib]

*keeping my fingers crossed*

[Sickko]

Maybe if you had kept your legs crossed too, you wouldn't have developed such a reputation among the boys

[Mosiah]

snic...

[Willi]

Bruce prime the people fi expect a 20% GCT rate and pull a switch.

[Don1]

Maybe if you had kept your legs crossed too, you wouldn't have developed such a reputation among the boys

[Don1]

Bruce prime the people fi expect a 20% GCT rate and pull a switch.

dat ah di news?

Si di news yah:

Everything taxed... well, almost

Gov't announces $21.8-b tax package; GCT hiked to 17.5%; tariff on electricity bills

BY ALICIA DUNKLEY Observer staff reporter dunkleya@jamaicaobserver.com

Friday, December 18, 2009

JAMAICANS will, on January 1 next year, start feeling the severe bite of a $21.8-billion tax package — part of what the Government had to commit to in order to qualify for the US$1.2-billion loan from the International Monetary Fund (IMF).

The tax package, the third for the fiscal year, was announced in Parliament yesterday by Finance Minister Audley Shaw and included an increase in the General Consumption Tax from 16.5 per cent to 17.5 per cent and the inclusion of several food items and services that were previously not taxed on the GCT base, from which the Government expects to net $3.6 billion and $6.2 billion respectively.

In addition, residential customers will now be expected to pay GCT on electricity usage exceeding 200 kilowatt hours per month, which the Government said would rake in $1.2 billion. However, our calculations, based on JPS electricity sales, show that the figure will be closer to $3 billion.

[Lazie]

History repeating itself all over again. Of course, those that see the need to make the corrections are seen as the villians. Yes, the measures are harsh, but whats the alternative, continue borrowing?

[Sickko]

"History repeating itself all over again"- is this an oxymoron? Kinda like Deja Vu all over again....

[Don1]

Yes, the measures are harsh, but whats the alternative, continue borrowing?

suh wha dem ah continue fi duh now wid Babylon? Invest?


But ah wha dis faada? LoL!

[Muadib]

you need to stop hanging around those boyz..